U.S. stocks fall; Europe bond report dismissed N
Post# of 102244
U.S. stocks fall; Europe bond report dismissed
NEW YORK (MarketWatch) — U.S. stocks began in a modest retreat Monday as European officials debunked a reported plan to cap European bond yields.
“Optimism was dealt a setback,” said Bill Stone, chief investment strategist at PNC Asset Management Group in Pittsburgh.
The Dow Jones Industrial Average (DJI
JIA) declined 19.9 points to 13,255.30.
The S&P 500 index (SNC:SPX) shed 3.65 points to 1,414.51.
The Nasdaq Composite (NASDAQ:COMP) fell 12.27 points to 3,064.27.
Stock index futures retreated ahead of the opening bell after the European Central Bank look to quell talk about its planned bond-buying program, saying no decisions had been made.
Both the Dow and the S&P 500 on Friday sealed a sixth week of gains, their longest streaks since early 2011 and bringing the S&P within reach of a four-year high.
(0)
(0)